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  • Here’s the latest on home values in Real Estate

     

     

    As part of my ongoing service to you, I like to share information on trends in the real estate industry. Simply

    click here
    to view an interactive map with the most up-to-date rates of change in home values, as well as appreciation rates over a number of different time periods.

     

    My hope is that understanding recent and long-term trends can help you remain an informed consumer, whether you’re comfortable in your home
    or considering a change. Please take a few seconds to check it out.

     

    If you have questions or if I can ever be of service to you, your family and your friends, please let me know. I am here to help and happy to
    do so.

     

     

    This information is derived from the FHFA All Transactions Index and is compiled by Estate of Mind, Inc., for the period illustrated. Figures
    shown are historical averages and as such, do not represent price movement for any one property. All property values can rise or fall independently and may do so based on many factors. Information is deemed accurate but not warranted.

    Sincerely,
    Fred
    Kreger

    American Family Funding
    Certified Mortgage Consultant
    NLMS # 1850 / 214640 BRE# 01215943 / 01371184
    (661) 505-4311
    Fred.Kreger@affloans.com

    28368 Constellation Road
    Suite 398
    Santa Clarita, CA
    91355
    www.fredkreger.com

     

    ©2017 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown
    do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products
    may not be available in all states and restrictions apply. Licensed by the Department of Business Oversight under the CRMLA.

     

     

     

    Read more
  • Rates dip and savings grow in this week’s Markets in a Minute!

     

     

    For the Week Ending April 14, 2017

    Trump euphoria certainly appears to have ended in the minds and hearts of investors. The stock market finished the week down
    once again by a total of 223 points. Markets are closed on Friday in observance of Good Friday.

     

    The challenges to the market is that with each passing week, it appears that President Trump will continue to have major headwinds working against him in passing tax reform along with his other economic stimulus
    ideas touted during his run on the campaign trail. Although, almost every President runs into challenges implementing the ideas and changes from their campaign, investors had very high hopes that the new administration would be able to facilitate changes rapidly
    that would have an immediate impact on corporate profitability.

     

    Mortgage rates have been steadily declining and have returned to the lowest point for 2017. Although refinances have yet to show signs of resurgence, purchase application increased last week by 3.0 percent according
    to the Mortgage Bankers Association of America.

    In the labor markets, first time jobless claims continue to remain extremely low. The latest report for the week ending April 8th shows claims all the way down to 234,000. This was below most analyst’s expectations
    and continues to float at all time historical lows. Continuing claims also remain very low. Overall the labor markets are considered to be at “full employment”.

     

    If you have been listening to the Fed for a number of years, they have been focused on getting inflation to the range of about 2.0 percent per year. Once again it seems like consumers are making it almost impossible
    for this to occur. Although in the last few months we have seen inflation tick upward on both the wholesale and retail levels, the latest reports may have thrown a monkey wrench into the likelihood that the trend will continue.

    The latest PPI for the month of March showed that prices on the wholesale level declined by 0.1 percent. Experts were expecting the latest results to either be flat or show a slight increase. Pricing on the consumer
    level declined by a shocking 0.3 percent, while analysts were looking for prices to rise by 0.2 percent. Even when the volatile food and energy prices are removed from the CPI, prices still declined 0.1 percent. It is too early to tell, but the lack of price
    growth may have an impact on the Fed’s decision to put forth another interest rate increase anytime soon.

     

    Next week’s potential market moving reports are:

    • Monday April 17th – Housing Market Index
    • Tuesday April 18th – Housing Starts, Industrial Production
    • Wednesday April 19th – MBA Applications
    • Thursday April 20th – First Time Jobless Claims, Leading Indicators
    • Friday April 21st – Existing Home Sales

     

    As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way
    I possibly can.

     

    Please enjoy this quick update on what happened this week in the housing and financial markets.

     

     

    Producer prices fell in March for the first time in 7 months, possibly signaling inflation will be more gradual. Inflation pressures mortgage rates to move higher.
    Trump’s comments this week that the dollar may be too strong had an immediate effect on trading. Stocks suffered and bonds rallied, which supported lower
    rates.
    Concerns that stock values are too high could help bring about lower rates. The Volatility Index is at its highest level since just after the November election.

     

    Soon, fewer new borrowers may struggle with a down payment. A new survey from Freddie Mac shows 41% of renters now have more money left over after payday.
    Average mortgage rates dipped nationally last week, and mortgage applications increased. Purchase applications were up 5% over the previous week.
    The average tax refund was $2,860 last year, and 41% of Americans plan to save this year’s. That savings could help them on the path to homeownership.

    One cigarette shortens your life by two hours, one bottle of vodka by three hours, and a mortgage application by 2 days.

     

    Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These
    rate trends can differ from our own and are subject to change at any time.

    Sincerely,

    Fred
    Kreger

    American Family Funding
    Certified Mortgage Consultant
    NLMS # 1850 / 214640 BRE# 01215943 / 01371184
    (661) 505-4311
    Fred.Kreger@affloans.com
    28368 Constellation Road
    Suite 398
    Santa Clarita, CA
    91355

    www.fredkreger.com

     

    ©2017 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown
    do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products
    may not be available in all states and restrictions apply. Licensed by the Department of Business Oversight under the CRMLA.

     

     

     

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  • Consumers are confident in this week’s Markets in a Minute!

     

     

    For the Week Ending March 31, 2017

     For the first time since October, the stock market is going to finish a month at a point lower than where it began. With one trading remaining
    in March, the Dow Jones Industrial Average is lower from March 1st by 387 points. The reason for the lower value is that belief President Trump will be able to pass his agenda on tax reform in a timely manner has dimmed.

     

    Home prices continue to rise, gaining for the third consecutive month by 0.9 percent, according to the latest S&P Case-Shiller Home Price Index for January. This is the strongest increase in home prices in the last
    4 years. The rise in prices is being led by cities that have been behind most of the country in price appreciation. Chicago was up 1.3 percent, Washington DC rose 1.0 percent, and New York increased 0.7 percent. The Pacific Northwest continues to lead the
    country with increases of 11.2 percent and 9.6 percent in Seattle and Portland respectively.

     

    Expectations are high for existing home sales to jump in April due to the 5.5% increase in February’s pending home sales index. Analysts were expecting only an increase of 2.4 percent. The Index, which tracks contract
    signings, jumped from 106.4 all the way up to 112.

    Even though mortgage rates moved lower last week, refinance applications dropped by 3.0 percent as reported by the Mortgage Bankers Association of America. Purchase apps increased by a seasonally adjusted 1.0 percent.
    Purchase applications are up by 4.0 percent from the same time last year.

     

    First time jobless claims fell by 3000 down to 258,000. Many analysts feel this number is a little high and were expecting the number to be lower. What is quite surprising is just 2 months ago, a claim amount in
    the mid 200’s was considered fantastic and pretty much at the bottom of where they would ultimately ever go. Not surprising is how analysts continue to change their projections and expectations with little data to support their change in beliefs about the
    numbers.

     

    The most recent Bloomberg Consumer Comfort Index dropped from 51.3 down to 49.7 for the week of March 26th. Given all the negativity surrounding what is going in Washington relating to the investigations and the
    defeat of the healthcare reform bill, it is not surprising that Americans are feeling a little more unsettled about the direction of the economy.

    The final significant report for the week was on Thursday with the announcement of 4th quarter GDP. With a 2.1 percent gain, up from 1.9 percent in the previous quarter, it appears that consumers are increasing their
    spending. Spending on automobiles was up significantly by 11.4 percent.

     

    Next week’s potential market moving reports are:

    • Monday April 3rd – PMI Manufacturing Index, ISM Manufacturing Index, Construction Spending

    • Tuesday April 4th – Factory Orders
    • Wednesday April 5th – MBA Applications, ADP Employment Report, FOMC Minutes
    • Thursday April 6th – First Time Jobless Claims
    • Friday April 7th – National Employment Situation

     

    As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way
    I possibly can.

     

    Please enjoy this quick update on what happened this week in the housing and financial markets.

     

     

    Consumer confidence surged to a 16+-year high in March. Consumer optimism is supported by a strong labor market and a positive economic outlook.
    The GDP increased 2.1% in the 4th quarter, signaling economic growth. Consumer spending accounts for more than 2/3rds of U.S. economic activity.
    Some Fed members made comments this week supporting more than 3 rate hikes this year. The majority still favor a gradual approach to increases though.

     

    Pending home sales rose 5.5% in February, a 2.6% increase year-over-year. Warm weather and potentially higher interest rates have been said to be the cause.
    Home prices roared to the highest levels in nearly 3 years as demand remains strong. Tight inventory continues to be an issue, supporting increasing prices.
    Warm winter weather also has led to a surge in new home construction. However, homebuilders are struggling to find enough workers to meet demand.

    How does NASA organize a party?

    They planet.

     

    Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These
    rate trends can differ from our own and are subject to change at any time.

    Sincerely,
    Fred
    Kreger

    American Family Funding
    Certified Mortgage Consultant
    NLMS # 1850 / 214640 BRE# 01215943 / 01371184
    (661) 505-4311
    Fred.Kreger@affloans.com
    28368 Constellation Road
    Suite 398
    Santa Clarita, CA
    91355

    www.fredkreger.com

     

    ©2017 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown
    do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products
    may not be available in all states and restrictions apply. Licensed by the Department of Business Oversight under the CRMLA.

     

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  • Business Booster – Minimizing No-Shows

     

    Follow Us On:


     
    Business Booster
    Fred Kreger
    Certified Mortgage Consultant
    American Family Funding
    Phone: (661) 505-4311
    Cell Phone: (661) 400-8905
    28368 Constellation Road, Suite 398
    Santa Clarita, CA 91355
    NMLS #: 214640
    Minimizing No-Shows
    Minimizing No-Shows

     

    Dealing with no-shows comes with the territory in most professional careers. Here’s what you should know and steps you can take to minimize meeting cancellations:

    Know your numbers. Keep track of your scheduled appointments and the percentage of no-shows from prospects, so you can determine your typical trend. For example, you may regularly have a 20 percent no-show rate. If your no-show
    rate trends upward or changes significantly, some market research may be in order.

    Don’t schedule past the next two weeks. When you schedule meetings too far in advance, prospects are more likely to forget who you are and why they should meet with you. Try to schedule meetings within seven days if possible, but
    no more than two weeks out. If clients are unable to commit within that time frame, suggest touching base again in a few weeks to review their availability.

    Send a follow-up. Immediately after scheduling a meeting, send a confirmation email so your prospects and clients can add it to their calendars.

    Remember reminders. Twenty-four to 48 hours in advance of appointments, call or email prospects with the date, time, length and location. Also review key action items of the appointment that highlight the benefits of meeting with
    you.

    Learn to let go. After several unsuccessful reschedule attempts, gently let prospects know you’ll be “closing their file” and wish them the best. If that doesn’t reactivate a prospect you thought was lost, it will free up your time
    to focus on new prospects and clients in process.

    Set a date with these tips for improving your no-show ratios and your sales!

    Sources: Close.io, Inc., SalesBuzz

    For professional use only. Not intended for consumer distribution.

    © 2017 American Pacific Mortgage Corporation (NMLS 1850). All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate
    all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available
    in all states and restrictions apply. Equal Housing Opportunity.
    Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; BRE 01215943
    ©2017 Vantage Production. All rights reserved.
    Our records indicate that American Family Funding may contact you by email to send you relevant and timely information. To opt-out of receiving additional promotional emails from American Family Funding, please click the link below
    American Family Funding
    Fred Kreger
    28368 Constellation Road, Suite 398
    Santa Clarita, CA 91355
     

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  • New all-time highs for housing confidence in this week’s Markets in a Minute!

    For the Week Ending March 10, 2017
    The markets have been somewhat in a holding pattern as investors await next weeks Fed decision on interest rates. Although, more than 70% of analysts interviewed believe that the Fed will raise rates, investors appear to be waiting for the announcement before making any major changes in their finance strategies.
    Adding to the likelihood that the Fed will raise rates next week are this week’s ADP Employment Report and the National Labor Department Report. On Wednesday ADP released that their data which showed a giant increase in private payrolls by 298,000 for the month of February. This was more than 100,000 higher than the high end of analyst’s expectations.
    The markets did not react with much more than a yawn as investors do not put much faith in the accuracy of the ADP report compared to the Labor Department data. However, it is important to note that in January ADP was relatively accurate with their estimates. Overall in the last year, ADP reporting has been much closer to the Labor Department numbers than they have been in years past.
    Friday the Labor Department reported a gain of 235,000 jobs. Although the number is lower than ADP’s number, the results are still very strong. This growth in the labor force piggybacks on January’s gain of 238,000. This report all but cements the likelihood the Fed raising rates at the Fed meeting next week.
    The Mortgage Bankers Association of American reported that last week purchase applications rose by 2.0 percent while refinances increased 5.0 percent. Mortgage rates had ticked down in the last week and that is likely the stimulus for the increase in refinances. Purchase applications, although continuing to rise, are being tempered by the fact that there is a significant lack of housing inventory across the country.
    Oregon and Washington have been the main areas of the country lacking inventory for pretty much all of last year. This year, the housing shortage has expanded and has been felt in many more areas across the United States. The Northeast and South are now facing significant shortage in available housing inventory for sale. The Midwest has also experienced a decline in housing inventory but not to the degree of the other regions.

    First time jobless claims continue to remain extremely low. Down to 243,000, along with this week’s very strong employment reports, the decline in claims is likely to continue.
    Next week’s potential market moving reports are:

    • Monday March 13th – Labor Market Index
    • Tuesday March 14th – FOMC Meeting Begins
    • Wednesday March 15th – MBA Applications, FOMC Announcement, FOMC Forecasts, Retail Sales, Consumer Price Index, and the Housing Market Index
    • Thursday March 16th – First Time Jobless Claims, JOLTS Report, and Housing Starts
    • Friday March 17th – Industrial Production and Consumer Sentiment
    As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can.
    Please enjoy this quick update on what happened this week in the housing and financial markets.

    A Fed policy rate hike next week is now almost 100% certain, after recent comments by Fed officials. The Fed anticipates three rate increases in 2017.
    The Fed’s mandate is to keep strong employment and low inflation. Jobs data this week showed the labor market remains strong, with low unemployment.
    Inflation is on the rise, both in the U.S. and abroad, as the economy continues to grow. Inflation pressures mortgage rates and could contribute to higher rates.
    Fannie Mae’s Home Purchase Sentiment Index for February had five of the six components hit record highs, showing continued strength in the housing market.
    Consumer confidence in the housing market hit a new all-time high in February. Of those surveyed, 40% say now is a good time to buy a home.
    Although tight inventory remains a problem, there may be hope on the horizon. Twenty-two percent of consumers say now is a good time to sell, also a new high.

     

     

    A recent scientific study showed that out of 2,293,618,367 people, 94% are too lazy to actually read that number.
    Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.
    Sincerely,
    Fred Kreger
    American Family Funding
    Certified Mortgage Consultant
    NLMS # 1850 / 214640 BRE# 01215943 / 01371184
    (661) 505-4311
    Fred.Kreger@affloans.com
    28368 Constellation Road
    Suite 398
    Santa Clarita, CA 91355
    www.fredkreger.com

    ©2017 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Licensed by the Department of Business Oversight under the CRMLA.

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